Agreements for Sale Workshop

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Barry McGuire’s Focus Series Presents:
Agreements for Sale Focus Workshop

Saturday, February 18th, 2017
Full-day event: 8:30 am to 5:30 pm
British Columbia (BC), Canada
venue TBD

Dear Real Estate Investor,

Have you:

  • Hit the ‘financing wall’ and banks are denying you more mortgages?
  • Ever required an infusion of cash into your real estate business?
  • Found the ‘deal of the century’ and had to walk away because you did not have access to the capital to buy it?
  • Wanted to buy properties with little to no money down?
  • Been looking for purchasing alternatives to the bank?
  • Heard about no money down real estate and wondered if it was true?
  • Wanted to buy more properties, but just aren’t sure how to get past your first one or two?

If you answered yes to any of these questions, then please read on…

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What is an Encroachment?

Focus on Real Estate: Quick Tips.

In this video, you’ll find out what an encroachment is, and what types of encroachments there are. If you need an Edmonton real estate lawyer, get in touch through RMLO Law LLP.

Straight to the point, there’s no filler in the Focus on Real Estate with Barry C. McGuire series of videos.

Hire an experienced real estate lawyer in Edmonton, Alberta. Use the contact form below!

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

Real Estate Investment Leaders

We are who we associate with,
and success breeds success.

Ahead our upcoming Agreements for Sale (AFS) Focus Workshop on February 18th, we’re giving you a chance to get to know some our amazing Focus Team Leaders. The hour-long audio recording below is from a breakout session at a previous workshop. It features the background stories of regular folks who are doing amazing things with Creative Real Estate Investment, as well as Q&A with them. These are some of the people who will be helping attendees learn to achieve their financial goals on February 18th in BC. There’s also an outline of the idea behind Agreements for Sale, and why it’s a great Creative Strategy for investing in a down market.

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When to Remove Conditions on a Purchase Contract

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Podcast Episode 90:
Diligence Pays Off.”

I’ve said it before and I’ll say it again: when you’re buying a property, never remove conditions on the purchase contract until you’ve done due diligence. A real estate lawyer like me can protect your interests and help you negotiate a better deal, but I can only work with the documents and evidence available. In this Tale, our investor was working on buying a multifamily rental property. Unfortunately, there were many discrepancies with the contents of units as well as with the estoppel certificates (aka rental confirmations forms). Good thing they didn’t remove conditions before they finished their diligence!

Download the audio file HERE.
(control click or right click + save as)

Use the form below to contact Barry McGuire, real estate lawyer, Edmonton, Alberta.

Exercise That Diligence” image by Alan Levine used under CC Attribution 2.0 Generic.

Why Do I Need a Lawyer in a Real Estate Transaction?

Focus on Real Estate: Quick Tips.

In this video, Barry explains what a lawyer does for you when you buy or sell real estate. Below are two of the highlights. If you need an Edmonton real estate lawyer, get in touch with Barry at RMLO Law LLP.

  1. A buyer’s attorney prepares the mortgage documents that lenders won’t let borrowers prepare themselves.
  2. A seller’s lawyer manages the money in a transaction to make sure that all outstanding debts or taxes are paid, which mean the seller receives their cash with no strings attached.

This is the next instalment of Focus on Real Estate with Barry C. McGuire, a series of videos that provides bite-sized pieces of real estate knowledge.

If you’re buying or selling real estate in Alberta, contact Barry now!

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

Transferring Property Without a Lawyer

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Podcast Episode 89:
Transfer of Land.”

A Transfer of Land is a document that allows the Land Titles office to register a property in the name of a new owner. In rare circumstances, you might be able to get this done without seeing a lawyer. In this Tale, our investor got a Transfer of Land from a highly motivated seller. Luckily, he also knew what other critical things he needed to do and who he needed to talk to in order to make the transaction go smoothly. This strategy doesn’t come up too often, but when it does, you need to know what to do so you can act quickly.

Download the audio file HERE.
(control click or right click + save as)

Looking for a lawyer to help with buying or selling property in Alberta? Contact Barry now!

“Keys” image by Merio used under CC0 1.0 Public Domain.

Tenant Running Illegal Business

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Podcast Episode 88:
I Ain’t No Ho!”

As a landlord, you need to be proactive about what is happening with your tenants. Be concerned if you suspect that a renter may be running an illegal business out of your property! This Tale is short and sweet because our investor took action as soon as they found out a tenant was on the wrong side of the law. Do you know what’s going on in your rental properties?

Download the audio file HERE.
(control click or right click + save as)

Need an Alberta real estate lawyer in Edmonton? Contact Barry now!

“Merrymakers in an Inn” painting by Simon de Vos is public domain. Image from Wikimedia.

Mortgage Penalties

mortgage

Podcast Episode 87:
Fun with Mortgage Payout Math.”

Paying off a mortgage early can result in penalties. However, there are ways of minimizing the financial repercussions. In this Tale, Barry works through some mortgage math that could save you money.

Download the audio file HERE.
(control click or right click + save as)

Buying and/or selling Alberta real estate? Contact Barry now!

“Mortgage” image courtesy of NYPhotographic.com used under Creative Commons Attribution-Sharealike 3.0.

Personal Responsibility in Cooperative Investing

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Podcast Episode 86:
Joint Venture Blues.”

Partnering up can be a good way to buy more property, but you still have to be careful. As with everything in real estate, due diligence is essential in joint ventures. In this Tale, you’ll hear about the all-too-common mistake of not getting an inspection. You’ll also hear about how not vetting the finder/manager properly cost an investor big time.

Download the audio file HERE.
(control click or right click + save as)

 

Buying and/or selling Alberta real estate? Contact Barry now!

“3D Realty Handshake” image courtesy of Scott Maxwell. Used under Creative Commons Attribution-Sharealike 2.0.

Getting Payments through a Trustee

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Podcast Episode 85:
Hurry Up and Wait.”

When dealing with trustees or lenders, there are many things that can delay a transaction. The type of payment can trigger a processing hold, the shipping method can be slow or unreliable, and sometimes clerks just overlook things. If you need a certain result, in a specific amount of time, then you need to lock down every stage of the process! In this Tale, you’ll hear just how many things can go wrong with getting a lump sum payment on an RRSP mortgage. Our client was trying to receive payout money from the borrower, but almost everything that could go wrong did go wrong…

Download the audio file HERE.
(control click or right click + save as)

 

Buying and/or selling Alberta real estate? Contact Barry now!

“Reverse Mortgage” image from https://www.aag.com/ is used under CC Attribution-ShareAlike 2.0